Main sectors in business - Study guides, Class notes & Summaries

what are the key feature of a business-HR -operations -marketing -finance what are the three (four) main sectors-Primary -Secondary -Tertiary (-Quaternary) Primary sectorIncludes all business in which production is directly associated with natural resources (mining, farming, timber, fishing, coal, energy, etc - BHP mining) Secondary sectorIncludes all businesses which take the output of firm (usually raw materials) and processes it into a finished or semi-finished product (phones, c...

4 roles of insurance - 1. risk management technique 2. transfer system 3. business 4. contract loss exposure - any condition or situation that presents a possibility of loss, whether or not actual loss occurs risk management - making and implementing decisions that will minimize the adverse effects of accidental losses on an organization -avoid, prevent, reduce -from RM standpoint, insurance is used to transfer cost of losses loss prevention - reduces frequency of loss -ex. wearing sa...

IOP3703 Exam Memo Part 1 – The competent human being: The latest research shows the importance of developing employees on all levels of the organisation on a continual basis. Human Capacity Development – the focus is on developing behaviour, skills, attitudes and competencies that will enhance the overall quality of a person’s work life. Growth Psychology’s aim is to find and define a healthy personality. They argue that it is necessary for human beings to strive for that a...

RSK4801 Assignment 4 (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references Since 2020, many incidents and events have caused organisations to adopt a focused approach towards risk management and the role of risk managers. Examples of these events are the COVID-19 pandemic and its severe effects on many countries, economies, and businesses. South Africa was not excluded from the pandemic and was further hamp...

Leisure Tourists - Answer Tourists that visit for pleasure in their free time and engage in leisure-related activities, paid with their own economic resources. As they are on HOLIDAY. Leisure Tourists Examples - Answer Day trippers, Holiday takers, Short break & overnight visitors. Business Tourists - Answer High spending tourists that travel for attendance at conferences, sales trip & trade shows. They usually make extensive use of premium air fares and luxury hotel rooms. Bu...

AINS 101| 78 Questions and Answers, 100% Correct| Latest The two main sectors of the insurance industry are Property-casualty insurance and life-health insurance. Because insurance contracts impose an obligation for ethical practices and behaviors on the parties while dealing with one another, an insurance contract is called a Contract of utmost good faith. Earned premiums are shown on an insurer's income statement because they are Revenues Destructive competition in the insurance i...

Marketing Research, 8e (Burns/Bush) Chapter 3 The Marketing Research Process & Defining the Problem and Research Objectives 1) The marketing research process contains multiple steps. The first step of the process is: A) Establishing the need for marketing research. B) Defining the problem. C) Establishing the research objectives. D) Determining methods of accessing data. Answer: A LO: 3:1: The steps of the marketing research process Diff: Moderate Classification: Application ...

The two main sectors of the insurance industry are Property-casualty insurance and life-health insurance. Because insurance contracts impose an obligation for ethical practices and behaviors on the parties while dealing with one another, an insurance contract is called a Contract of utmost good faith. Earned premiums are shown on an insurer's income statement because they are Revenues Destructive competition in the insurance industry could result in Insurance Shortages 3 multiple choic...

AINS 101 (Latest 2023/ 2024 Update) Increasing Your Insurance IQ Exam| Questions and Verified Answers| 100% Correct| Grade A Q: Rachel is a new employee of Westley Insurance, and has been asked to review some existing policies to become familiar with the types of policies she will be working with. Which one of the following will Rachel find is true as she conducts her review? Answer: Rachel finds the policy begins with a coverage overview and then goes into more coverage details. ...

Answered) CIPS L4M1 Scope and Influence of Procurement and Supply 2024 What is Procurement? Procurement is a STRATEGIC function of a business obtains something Tangible as goods or Intangible as services. Include Purchasing Inventory, Logistics, Supply, Waste Management Quality, Cost, Added Value What is Purchasing? Is the ACT of physically ordering and buying something. What is Supply? Is the INFRASTRUCTURE which ensures that products and services get from supplier to the customer. Wha...